Parker Hannifin to buy Clarcor in a $4.3 billion deal Parker Hannifin Corp. announced Thursday an agreement to buy Clarcor Inc. in a cash deal that values the maker of filtration products at about $4 billion. Under terms of the deal, Parker will pay $83 for each Clarcor share outstanding, which is an 18% premium to Wednesday's closing price, and well above the Nov. 25 record close of $70.85. Including the assumption of debt, Parker will pay $4.3 billion. The deal, which is expected to close during the quarter ended September 2017, is expected to add to Parker's earnings and cash flow, and lead to annual synergies of $140 million. Parker plans to finance the deal with cash and new debt. The stocks remain inactive in premarket trade. Parker's stock has soared 43% year to date, while Clarcor shares have run up 42% and the S&P 500 has gained 7.6%.

Parker Hannifin to buy Clarcor for $4.3 bln in cash, including debt

2:07 a.m. Dec. 1, 2016

Parker Hannifin to pay $83 for each Clarcor share, an 18% premium to Wednesday's closing price

It may be time to take some Trump stock profits 65 S&P stocks hit 52-week closing highs on Friday, and 19 of those were up 15% or more last week65 stocks in the S&P 500 hit 52-week closing highs on Friday, and 19 of those were up 15% or more last week., says Phil van Doorn.

Parker Hannifin profit rises as orders reboundParker Hannifin Corp. PH reported a 7.8% rise in profit as the company saw an uptick in orders for the first time in years. The motion and control technology manufacturer said its orders increased 2% company-wide, while its aerospace segment orders jumped 14%, and international business rose 3%. Orders for the company's North American industrial business slipped 4%.

4 hidden hazards in your home Many things can hurt you beyond the usual suspects of lead-based paint, asbestos and moldYour house has plenty of things that can hurt you beyond the usual suspects of lead-based paint, asbestos and mold.

These dividend ‘kings’ have had average annual returns of up to 21% for 25 years Eighteen U.S. companies have increased their dividends for at least half a centuryEighteen U.S. companies have increased their dividends for at least half a century, writes Phil van Doorn.

S&P 500, Nasdaq fail retest of the breakdown point Focus: China and emerging markets turn lower, Charting key U.S. sectorsU.S. stocks are lower early Wednesday following a weaker-than-expected batch of economic data. Against this backdrop, bearish cracks have surfaced in the near-term market technicals, including the S&P 500’s failed retest of the 2,080 breakdown point.

Market bears fire seasonal shot across the bow Focus: U.S. dollar breaks down, Gold and silver take flight, UUP, GLD, SLV, KRE, XLYThe major U.S. benchmarks are once again under pressure to start the worst six months seasonally. While the downturn’s aggressiveness is worth tracking, it’s surfaced against an otherwise constructive market backdrop, including the U.S. dollar’s technically significant downdraft.

Charting a garden-variety market pullback Gold confirms uptrend, knifes to 52-week highs, GLD, MEOH, JCI, SLAB, CRUSTrue to seasonal form, U.S. stocks are kicking off the worst six months — May through October — on a nominally bearish note. Still, while the S&P 500 has ventured under first support, around the 2,080 mark, the downturn has thus far lacked breadth as measured by the market internals and sector participation.

‘Sell in May’ surfaces with major S&P support under siege U.S. dollar threatens a breakdown, Japanese yen takes flight; AAPL, MSFT, GOOG weigh down NasdaqU.S. stocks have turned lower to conclude April amid renewed currency cross currents, and with the worst six months seasonally set to start next week. In the process, major support points are under siege — most notably, Dow 17,800, and the S&P 2,080 area — though based on today’s backdrop, the late-week downdraft looks technically innocuous.

Nasdaq presses the 200-day average amid Apple’s technical downdraft Focus: Apple’s technical breakdown, AAPL, CSX, GM, GEL, HL, AKSThe major U.S. benchmarks are lower early Wednesday after Apple’s disappointing quarter and ahead of the Federal Reserve’s policy statement due out this afternoon. In the process, the Nasdaq Composite has ventured under its 200-day moving average, while the small- and mid-cap benchmarks have concurrently reached multi-month highs.

S&P 500’s bull trend is poised to buck ‘sell in May’ headwind Focus: Junior Gold Miners, GDXJ, CPE, OLED, EBS, AA, SONCThe U.S. markets’ worst six months seasonally — May through October — are less than a week away. This seasonal tendency withstands statistical scrutiny, and is actually a global-market phenomenon, though it’s prone to exceptions. Against this backdrop, the prevailing market technicals support a bullish view.

S&P 500’s bull trend is poised to buck ‘sell in May’ headwind Focus: Junior Gold Miners, GDXJ, CPE, OLED, EBS, AA, SONCThe U.S. markets’ worst six months seasonally — May through October — are now less than a week away. Against this backdrop, the prevailing market technicals, on balance, continue to support a bullish view.

Parker-Hannifin raises outlook as profit beatsIndustrial supplier Parker-Hannifin Corp. said profit and revenue fell in its latest quarter as revenue decreased across its segments, though the company raised its profit outlook. The Cleveland-based industrial conglomerate, which supplies parts to Caterpillar Inc. and Boeing Co., has been under pressure in recent quarters from low commodity prices.

S&P 500 rattles the cage on the 2,080 support Focus: Transports absorb April whipsaw, IYT, CP, PII, WCG, ZU.S. stocks are firmly lower early Monday following a weaker-than-expected new homes sales report and ahead of the Federal Reserve’s policy directive later this week. Against this backdrop, the S&P 500 is challenging the 2,080 support, an area defining the immediate bull-bear battleground.

Meet the S&P 500’s new technical range Focus: Financials break out, Regional Banks, XLF, KRE, BABA, GWPH, ESRX, AZPNU.S. stocks are off to a flattish Thursday start following the European Central Bank’s generally dovish policy language, and a mixed batch of earnings reports. Against this backdrop, each major benchmark has sustained this week’s break to a higher plateau.

Charting the Dow industrials’ technical, and bullish, backdrop Focus: Materials break out, XLB, CVX, C, ATU, FITIf nothing else, the major U.S. benchmarks’ price action remains technical. Consider that the Dow Jones Industrial Average has maintained its breakout point — the 17,980 area — while also nailing an overhead target matching the 2014 peak, nearly to the decimal. Technical price action is bullish within a strong uptrend.

U.S. benchmarks' bull trend absorbs latest market whipsaw Focus: Gold Miners, GDX, TAHO, PH, UHS, AGIOU.S. stocks are slightly higher early Monday, absorbing an initial downdraft after a weekend meeting of major oil producers failed to deliver a production freeze. Against this backdrop, the major benchmarks' April price action remains distinctly technical, and continues to support a bullish view.

5 dividend stocks that have only gotten more attractive T. Rowe Price and Microsoft are among companies that can provide you with income for years to comeT. Rowe Price and Microsoft are among companies that can provide you with income for years to come.

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